Consensus 2023: How to Protect Crypto Users After FTX Fiasco
A group of experts at Consensus 2023 discussed the pros and cons of self-custody and regulation for crypto assets in the wake of the FTX collapse. In December 2022, FTX filed for bankruptcy , revealing that it had only $900 million in assets and more than $9 billion in liabilities. Sam Bankman-Fried (SBF), the founder […]
Binance’s Gopax Acquisition Delayed by SEC Lawsuit
Binance’s plan to buy a South Korean crypto exchange Gopax faces regulatory hurdles due to the SEC lawsuit against the global crypto giant. In February 2021, Binance announced that it had acquired a majority stake in Gopax and that it was spending funds from its industry recovery initiative on the acquisition. Binance and its partners […]
Kim Kardashian Faces Lawsuit over EMAX Crypto Promotion
Kim Kardashian is facing a lawsuit for allegedly scamming investors by promoting the EthereumMax cryptocurrency without disclosing her compensation. EthereumMax (EMAX) is a cryptocurrency with no legal or business connection with Ethereum, despite its name. It is a large language model that can generate text for various tasks, such as writing creative stories, solving mathematical […]
Senators Question Meta’s AI Model LLaMA over Ethical Risks
Meta’s AI language model LLaMA leaked online in February, has drawn criticism from two US senators who fear it could be exploited for criminal purposes. Meta, formerly known as Facebook, released LLaMA (Large Language Model Meta AI) in late February as a research tool for the AI community. LLaMA is a state-of-the-art foundational large language […]
Elon Musk Sued for $258 Billion Over Dogecoin Manipulation
A proposed class action lawsuit accuses the Tesla CEO of using Twitter, paid influencers, and his TV appearance to boost the meme cryptocurrency DOGE for personal gain. Elon Musk, the CEO of Tesla and SpaceX, is facing a $258 billion lawsuit from investors who claim he manipulated the price of Dogecoin, a popular meme-based cryptocurrency, […]